Movida Participações S A : Dados Econômico-Financeiros

(A free translation of the original in Portuguese)

QUARTERLY INFORMATION 2Q23

Contents

Earnings Release 2Q23 and 1H23

MESSAGE FROM MANAGEMENT

We have arrived at mid-2023 with important advances in the new phase of our strategic planning. The execution is being performed with great agility and discipline, enabling is to deliver results and improvements earlier than planned. We continue to show continuous growth across all business segments, with a focus on operational efficiency to maximize the generation of value on invested capital.

A key metric for improving our profitability, has been the significant change to the size of the fleet. We closed 2Q23 with 204 thousand fleet cars, a reduction of 8.9 thousand cars compared to 1Q23 and 20 thousand cars in the semester. At RAC, we reduced the fleet by 21,000 cars, 8,000 of which in 2Q23, releasing around R$608 million in invested capital. With a focus on optimizing the fleet, we achieved a productivity gain of 6.0p.p. in total occupancy compared to 2Q22, which was 70.7%.

The Company's net revenue totaled R$2.5 billion in 2Q23, growing 11.1% compared to 2Q22, with EBITDA of R$890 million, in line with 2Q22. Leasing results were even stronger, with net revenue of R$1.2 billion, up 23% compared to 2Q22 and a rental EBITDA of R$794 million, expanding 13% in the same period. The long-term contracts (GTF) segment continues to grow and increase its contribution to our consolidated results, at the end of the semester this segment already represents 64% of operating profit (EBIT) versus 45% a year ago.

At the lines of business level, in 2Q23 we witnessed in Rent-a-Car (RAC) increasing in total occupancy rate reaching a high level of 70.7%. The segment's total fleet ended the quarter with 90 thousand cars, reducing 8,000 in the quarter. Net revenue in 2Q23 was R$675.6 million, growing 15.5% year-on-year with an average daily rate of R$123, growing 7% in the period and EBITDA was R$381.8 million.

In Fleet Management and Outsourcing (GTF) segment we continue to grow by signing new contracts, reflecting the high demand in the market. We ended 2Q23 with 114,000 cars of which 101,000 in our operating fleet, a 16% growth over the last year. Net revenue from GTF was R$558.1 million with EBITDA of R$411.7 million, an growth of 31% year-on-year, reflecting the work on pricing our portfolio and selectiveness in our growth. In the current quarter, the GTF fleet represented 56% of our total fleet and we expect to continue increasing the share of long- term products, bringing more predictability and resilience to the consolidated results.

We transformed the level of the Used Cars Sales operation with the sale of 19 thousand cars in the quarter, with an average sale price practically stable at R$67 thousand compared to 2Q22, generating R$1.2 billion in revenue. The EBITDA margin grew to 7.7% in 2Q23 compared to 5.9% in the previous quarter, which demonstrates our appropriate policy on depreciation rates.

As to financial management initiatives, we made a structural change in our debt portfolio. In 1H23, we early settled local and foreign debts of R$3.3 billion, including the repurchase of our bonds. In addition, we the payables to suppliers on the balance sheet by approximately R$1.3 billion compared to 4Q22, resulting from a negative net capex of approximately R$712 million in the semester.

Within the scope of management improvements, we made important changes to the Company's organizational structure. We listed 19 priority projects for 2023, eight of which were delivered in the first half, which are already underway with intensive use of technology to improve controls, processes, governance and productivity.

Earnings Release 2Q23 and 1H23

In 2Q23, we built up a robust cash position of R$2.6 billion, which puts us in an extremely comfortable position to continue executing our strategic planning. Leverage ended the quarter stable at 2.9x net debt/EBITDA, at levels we consider healthy.

We started off July with the prepayment of local debt with an average cost of CDI+3.70% and announced a second tender offer of USD 175 million. For new debt issuances, we concluded of our first CRI (Mortgage-Backed Securities) of R$580 million with a weighted average cost of approximately CDI+1.51%. We experienced significant demand for this issue, leading us to being able to reduce 15% of the initial spread indicative of the cost of debt. A bilateral banking transaction of R$200 million at CDI+2.10% p.a. and a new issuance with a firm guarantee of R$600 million and an indicative cost of around CDI+1.80% p.a. for seven years are also planned for 3Q23. These initiatives total over R$1.4 billion with an average cost of CDI+1,75% p.a., establishing a new level of funding costs for the Company widening the spreads in relation to our returns (ROIC).

In closing, I would like to thank Movida's employees for their dedication and our stakeholders for their trust. We will continue focusing with great discipline on the execution of our planning with the objective of achieving operational excellence and extracting the maximum value possible from our assets to optimize value generation for our shareholders.

Thank you very much.

Sincerely,

Gustavo Moscatelli

CEO